2009 Nebraska Code
Chapter 84 STATE OFFICERS
84-1317 Employees; retirement date; application for benefits; deferment of benefits; board; duties.

84-1317. Employees; retirement date; application for benefits; deferment of benefits; board; duties.

(1) Upon filing an application for benefits with the board, an employee may elect to retire after the attainment of age fifty-five or an employee may retire as a result of disability at any age.

(2) The member shall specify in the application for benefits the manner in which he or she wishes to receive the retirement benefit under the options provided by the State Employees Retirement Act. Payment under the application for benefits shall be made (a) for annuities, no sooner than the annuity start date, and (b) for other distributions, no sooner than the date of final account value.

(3) Payment of any benefit provided under the retirement system may not be deferred later than April 1 of the year following the year in which the employee has both attained at least age seventy and one-half years and terminated his or her employment with the state, except that for members participating in the defined contribution benefit, no distribution is required to be made for the plan year commencing January 1, 2009, through December 31, 2009.

(4) The board shall make reasonable efforts to locate the member or the member's beneficiary and distribute benefits by the required beginning date as specified by section 401(a)(9) of the Internal Revenue Code and the regulations issued thereunder. If the board is unable to make such a distribution, the benefit shall be distributed pursuant to the Uniform Disposition of Unclaimed Property Act and no amounts may be applied to increase the benefits any member would otherwise receive under the State Employees Retirement Act.

Source

Laws 1963, c. 532, § 17, p. 1673;
Laws 1967, c. 619, § 2, p. 2075;
Laws 1971, LB 360, § 1;
Laws 1973, LB 498, § 4;
Laws 1973, LB 55, § 1;
Laws 1974, LB 740, § 2;
Laws 1979, LB 391, § 7;
Laws 1979, LB 161, § 3;
Laws 1981, LB 288, § 1;
Laws 1982, LB 287, § 5;
Laws 1983, LB 604, § 25;
Laws 1983, LB 219, § 2;
Laws 1986, LB 325, § 17;
Laws 1986, LB 311, § 32;
Laws 1987, LB 296, § 4;
Laws 1996, LB 1076, § 39;
Laws 1997, LB 624, § 38;
Laws 2003, LB 451, § 27;
Laws 2009, LB188, § 13.

Cross References

Uniform Disposition of Unclaimed Property Act, see section 69-1329.